The U.S. stock market has seen multiple ups and downs in the past decade. While trends such as e-commerce, blockchain, cryptocurrency, cannabis, and cloud computing have influenced the market, none may have as far-reaching effects as the artificial intelligence (AI) trend. According to a forecast from Statista, the global AI market could grow at a compound annual rate of 28.46% from $184 billion in 2024 to $826.7 billion in 2030.

Not surprisingly, the AI exposure of many companies has driven their stocks to dizzying highs. However, some AI-powered stocks such as (NASDAQ: GOOG) (NASDAQ: GOOGL) and Oracle (NYSE: ORCL) may still have enough upside potential to make them top picks to buy now and hold for the long run.

Digital advertising titan Alphabet -- owner of Google Search, YouTube, Google Cloud, the Android mobile operating system, and the recently launched Gemini large language model -- has been facing several AI-associated challenges in recent times.

Continue reading

Source Fool.com